New record purse for Daytona 500

Autoracing Betting Lines

02/01/2012 - Daytona Beach, FL (Sportsbook Betting Lines) - Officials from Daytona International Speedway announced Wednesday a record purse of more than $19 million for the February 26 season-opening Daytona 500.

The purse for NASCAR's most prestigious race of the season will include a payout of at least $1.43 million to the winner as well as a new contingency award of $200,000 to the driver leading at the completion of lap 100 -- the halfway point in the 500-mile race.

If the race is under caution at lap 100, the leader of the race at the completion of the fifth consecutive green-flag lap following the caution will receive the $200,000 "Daytona 500 Mid-Race Leader Award."

The second-place finisher in this year's Daytona 500 will receive at least $1.05 million and the third-place driver will collect $759,600.

Twenty-year-old Trevor Bayne won $1,463,813 for his victory in the 2011 Daytona 500.

Footballgambleguide Autoracing Betting News

<< Patriots try to settle score with Giants in Super Bowl XLVI
(Sportsbook Betting Lines) - The stage may be different and new, but there will be a very familiar feel to Super Bowl XLVI. Just like they did four years ago, the New York Giants and New England Patriots will battle for the coveted crown of NFL champi

<< Eight set to go in Robert B. Lewis Stakes
Arcadia, CA (Sportsbook Betting Lines) - Eight three-year-olds get back into action Saturday afternoon in the $200,000 Robert B. Lewis Stakes at Santa Anita Park. The 1 1/16-mile race is an important prep for the $750,000 Santa Anita Derby on Apri

<< Nationals sign RHP Durbin
Washington, DC (Sportsbook Betting Lines) - The Washington Nationals agreed to terms on a minor-league contract with veteran relief pitcher Chad Durbin on Wednesday. MLB.com, which cited a baseball source, reported the deal and said it includes an in

<< Galaxy adds Nakazawa from Philadelphia
Carson, CA (Sportsbook Betting Lines) - The Los Angeles Galaxy acquired midfielder Kyle Nakazawa and a second round pick in the 2013 MLS SuperDraft in exchange for an international roster spot on Wednesday. Nakazawa was selected in the third roun

<< Rapids hand three-year extension to technical director Bravo
Commerce City, CO (Sportsbook Betting Lines) - The Colorado Rapids announced on Wednesday that the club has signed technical director Paul Bravo to a three- year contract extension. Bravo has presided over Colorado's soccer operations since

Umenyiora fined $20k for missing media session >>
Indianapolis, IN (Sportsbook Betting Lines) - New York Giants defensive end Osi Umenyiora was fined $20,000 for missing a mandatory 45-minute interview session with the media on Wednesday. Umenyiora said in a statement issued by the G

NHL fines Boulton, Boll $2,500 each >>
New York, NY (Sportsbook Betting Lines) - The National Hockey League on Wednesday fined New Jersey Devils forward Eric Boulton and Columbus Blue Jackets forward Jared Boll $2,500 for separate incidents. Boulton was docked for his slash on New Yor

2012 debut for Animal Kingdom decided >>
Oldsmar, FL (Sportsbook Betting Lines) - Eclipse Award winner Animal Kingdom will begin his four-year-old campaign later this month at Tampa Bay Downs. Team Valor's . Barry Irwin and trainer Graham Motion announced the decision in a press release

Chiefs offensive coordinator Muir retires >>
Kansas City, MO (Sportsbook Betting Lines) - Kansas City Chiefs offensive coordinator Bill Muir has retired, the team announced Wednesday. Muir was named the Chiefs offensive coordinator prior to last season after spending the previous two year

Arsenal held by Bolton at the Reebok >>
Bolton, England (Sportsbook Betting Lines) - Arsenal extended its winless run after it was held to a 0-0 draw at Bolton in Premier League play Wednesday. The Gunners had lost three straight league games heading into their clash against the Tro

American Idol odds : Blake Lewis the Early Standout

An important American Idol betting lines recap from February 20 Guys episode. The 12 men came out flat overall with Blake Lewis appearing to have the early edge after the first hour and a half.

Rudy - was quite good singing "Free Ride" to start off.  Randy was not impressed though.  Paula thought he started off fantastic.  "Never had anyone stop off so lively" said Paula but Simon (who does not like Rudy) does not feel he has a distinct voice and was not impressed either. 

Brandon was a little pitchy according to Randy and Paula agreed.  Simon said he was a good singer but the song was "too safe" and he needs to make an impact.  He was listed at +1200 odds or $1200 paid out on a $100 bet should he win the competition. 

Big favorite Sundance came in with a flat version of "Knights in White Satin" and the judges let him have it, including Paula.  Randy claimed the song was out of pitch throughout.

Korean American - and a Jenny Woo favorite - Paul Kim was up next.  Another pitchy flat one but Randy said he still liked his potential.  Kim at +3000 odds was said to have sung a "third rate version of that (George Michael) song" according to Simon Cowell.  He sang "Careless Whisper".

22 year old Chris Richardson was up next.  He was listed with +1100 odds coming in.  He got the best response from the judges though Simon did not believe the vocal was that great. 

Nick was boring and pitchy.  Simon didn't think he was that bad though and predicted he would be back next week.  Nick Pedro was a big +3000 dog coming into this competition. 

Beat boxer Blake Lewis was listed with early +1000 odds or $1000 payout on a $100 bet if he were to become the next American Idol winner odds .  These of course were the early odds.  He was considered original for picking an "odd song".  He did not beat box and the judges felt it was the best vocal of the night. 

Sanjaya came in as the second biggest favorite after Chris Sligh but his performance Tuesday night was not very good. 

Chris Sleigh was the early favorite at +450 odds.  Great voice and a great sense of humor.  He's a real standout.  Randy felt it was on point but maybe ahead of the chorus a little bit.  Simon Cowell said he felt like he was in some "sort of weird student gig". 

Jared Cotter followed.  He was listed with +2000 odds early on to win the competition.  The judges felt he needs to take more risks but looked good. 

22-year old AJ Talbado, who has tried out for American Idol five times, was up next.  "Kind of a theme park performance" said Simon.  Though the judges felt he performed okay.  Simon did feel AJ might be better than he originally thought.

Phil - this season's military favorite - came into this competition with +1200 odds to win the competition.  He was the last to perform.  He was certainly strong enough to get through this stage of the competition and perhaps the best one after a shaky start. 

Tomorrow night, the ladies perform and I sure hope they do a better job than the boys.  Check out all the American Idol betting odds here.

To visit this online sportsbook got to MySportsbook.com - this sportsbook accepts credit cards.

Sportsbooks to bet on football

Recently I had an email debate with an angry reader who said I did not understand "the science of oddsmaking", as he called it.

He said I was wrong for suggesting oddsmakers care about who wins or loses games.

"Oddsmakers only care about splitting the betting public 50/50 on both sides of the line and keeping the commission (a.k.a. juice)," he wrote.

He might have been right about not understanding "the science of oddsmaking". After all, I'm not an oddsmaker. That said, I stick to my assertion that oddsmakers (a.k.a. sportbooks) often do care about who wins games.

Granted, as a general rule, sportsbooks try to balance their action so that they're not exposed to big losses. However, there are times when this is difficult to pull off, regardless of how much a line has moved. There are also times when that general rule is ignored and a book pursues risk.

Generally speaking, it's safe to say the books in Vegas are risk-adverse. Unlike in the past when the wise guys ruled the town, Vegas is now corporate and the goal of most casinos is to make as much money as possible with as little risk as possible.

Thus, Vegas sportsbooks try everything in their power to balance the action. They're satisfied simply collecting the juice. But these profits are small, especially compared to the take from other casino games, namely slot machines.

Because the profits at Vegas sportsbooks are so small, you could argue that many casinos operate sportsbooks simply as a novelty to keep the tourists happy.

With a growing aversion to risk, it should come as no surprise that Vegas bookmakers have been panicking this NFL season.

Despite huge pointspreads, a disproportionate percentage of bettors are still laying their money on favorites like the Eagles, Colts, Pats and Vikings rather than the dogs (a common trend for the largely recreational bettors that visit Vegas).

And much to the dismay of the books, those favorites are finding ways to cover the thick chalk. In fact, prior to Week 7, the four teams listed above are a combined 16-2-2 (88 percent) against the spread. (The tables turned dramatically in Week 7, but more on that later.)

The result has been an early-season beating for the books, and a bonanza for bettors.

While Vegas increasingly hates risk, it's no longer a major player in the sports betting world. Most of the betting action now takes place offshore where sportsbooks are not as obsessed about balance. In fact, some books encourage exposure to risk because the rewards can be so much bigger.

Consider MySportsbook.com. On its website, the book has odds pages which actually display the amount of action it's getting on games. In other words, you can see how much action the book is taking on both sides of a pointspread, moneyline or over/under.

One look at these numbers and it's obvious MySportsbook.com does not balance every game. In fact, far from it.

Take last weekend's matchup between St. Louis and Miami. By game time on Sunday, 83 percent of the betting action at MySportsbook.com was on the Rams; only 17 percent was on Miami.

What's interesting is that MySportsbook.com opened the pointspread with Miami at +6 1/2. By game time, the spread had lowered to +5.

That goes contrary to the balancing theory. If MySportsbook.com had wanted to balance the action, it would have given Miami more points; instead, it took away 1 1/2. World Series odds are now up as well.

MySportsbook.com exposed itself to even more to risk, and rolled the dice on the underdog Dolphins. Why? I contacted a representative with the book to find out. His answer was simple.

"The line moved early based on 'smart money' from sharp players," said Jeff Gilroy, a spokesperson for the book. "We also knew from early in the week that we would need Miami, therefore (we dropped) the spread to encourage Rams money.

"At the end of the day, we liked the home team."

So the conclusion is this: MySportsbook.com respected the sharp action, and gambled that the sharp bettors had a better take on the game than the recreational bettors, who were hammering the visiting Rams.

In the end, the gamble paid off. Miami, desperate for a win in front of its home fans, pounded the overrated Rams, who are terrible on the road and even worse on grass. Final score: 31-14 Fish.

MySportsbook.com was also heavily exposed on numerous favorites in Week 7, including Philadelphia, Seattle and Denver. All three failed to cover.

The fact that sportsbooks are exposed to risk on certain games is really nothing new. The fact, that Sportsbook.com is willing to show the public where it's exposed is intriguing.

Armed with this type of information, bettors can make more educated wagers. They can get an idea where the sharp money is going and conversely where the public money is headed.

MySportsbook.com is opening up its cashbox, letting bettors look inside and challenging them to take their best shot at grabbing the cash.

To visit this online football betting got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.